Adjusted net income was $16.1 million, or $0.102 per ordinary share, while adjusted earnings per ADS was $0.408.
Total solar module shipments were 2,794 megawatts, down 3.1% from the prior-year period. At quarter-end, Jinko’s in-house annual silicon wafer production capacity was 9 GW while the solar cell and solar module production capacities were 5 GW and 9 GW respectively.
For the third quarter of 2018, Jinko estimates total solar module shipments to be 2.8 GW to 3 GW. For the full year of 2018, total solar module shipments are expected in the range of 11.5 GW to 12 GW.
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In June, Jinko’s subsidiary JinkoSolar (US) Inc. entered into a three-year agreement to supply 1.43 GW of high-efficiency modules to sPower.